The road to escape the bearish correction for AUDJPY
On the daily chart for AUDJPY pair, we can see the strength of 61.8% fibonacci level that stopped the bearish correction that was started from 105.42 area, and the main bullish trend line continues to carry the the uptrend very well.
Now, a Double Bottom formation is on the way to be completed, with neckline located at 95.65, so, breaching above this line followed by a daily close above it will provide good chance to add more longs that target the mentioned high around 105.42
Short term Trades' risk is below 89.25
Medium term Trades' risk is below 86.25
Now, a Double Bottom formation is on the way to be completed, with neckline located at 95.65, so, breaching above this line followed by a daily close above it will provide good chance to add more longs that target the mentioned high around 105.42
Short term Trades' risk is below 89.25
Medium term Trades' risk is below 86.25